Short Take: CheckFree buys Mobius Group
CheckFree has acquired privately held M?bius Group, which provides databases and software for financial planners. CheckFree said the $18 million, all-stock acquisition, will move it into a new market--financial planners. M?bius Group had revenues of $6.6 million in 1998, and CheckFree said the acquisition will boost its profitability this year. CheckFree also continues to work with Mobius Management Systems, a separate firm.
has acquired privately
held M?bius Group, which provides databases and software for
financial planners. CheckFree said the $18 million, all-stock acquisition,
will move it into a new market--financial planners. M?bius Group had
revenues of $6.6 million in 1998, and CheckFree said the acquisition will
boost its profitability this year. CheckFree also continues to work with
Mobius Management Systems, a separate firm.